M&A Deal Summary

ZF Friedrichshafen AG Acquires WABCO Holdings

On March 28, 2019, ZF Friedrichshafen AG acquired automotive company WABCO Holdings for 7.0B USD

Acquisition Highlights
  • This is ZF Friedrichshafen AG’s 3rd transaction in the Automotive sector.
  • This is ZF Friedrichshafen AG’s 2nd largest (disclosed) transaction.
  • This is ZF Friedrichshafen AG’s 2nd transaction in Belgium.

M&A Deal Summary
Date 2019-03-28
Target WABCO Holdings
Sector Automotive
Buyer(s) ZF Friedrichshafen AG
Deal Type Add-on Acquisition
Deal Value 7.0B USD
Advisor(s) Goldman Sachs (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

WABCO Holdings

Brussels, Belgium
website
WABCO is a global supplier of braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles. Originating from the Westinghouse Air Brake Company founded nearly 150 years ago, WABCO is powerfully “Mobilizing Vehicle Intelligence” to support the increasingly autonomous, connected and electric future of the commercial vehicle industry. WABCO continues to pioneer innovations to address key technology milestones in autonomous mobility and apply its extensive expertise to integrate the complex control and fail-safe systems required to efficiently and safely govern vehicle dynamics at every stage of a vehicle’s journey – on the highway, in the city and at the depot.

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Buyer(S) 1

Buyer

ZF Friedrichshafen AG

Friedrichshafen, Germany

website

Category Company
Founded 1915
Sector Automotive
DESCRIPTION

ZF Friedrichshafen AG provides driveline and chassis technologies.

DEAL STATS #
Overall 5 of 7
Sector (Automotive) 3 of 3
Type (Add-on Acquisition) 2 of 3
Country (Belgium) 2 of 2
Year (2019) 2 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 2getthere B.V.

UTRECHT, Netherlands

2getthere B.V. offers complete automated transport systems. 2getthere' s fully electric driverless systems at business parks in Rivium (Capelle aan den IJssel) and Masdar City (Abu Dhabi) have transported more than 14 million people reliably and safely. The reliability of the systems installed by 2getthere, including vehicle controls and software architecture, exceeds 99.7 percent.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 SIMI Reality Motion Systems

Unterschleissheim, Germany

Simi Reality Motion Systems GmbH offers a wide range of software and hardware for applications in the fields of sports science, sports tuition and training, medicine, industry, entertainment, and behavioral science.

Buy -
Mergr

Product

Company

Legal